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Fly News Breaks for September 11, 2015
LULU
Sep 11, 2015 | 07:53 EDT
UBS analyst Michael Binetti said that despite lululemon's "slight" Q2 earnings beat, the company's inventories and gross margin risks extend into the second half of the year, leaving him less confident in the potential for earning upside in the near-term. The analyst lowered his estimates for lululemon and cut his price target on the Neutral-rated stock to $59 from $67.
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